"Timer Digest" has Tim Ord ranked #5 for one year ending 6/3/05 and #1 in Gold for one year ending 1/13/06.
For 30 to 90 days horizon: Long Nasdaq on 6/28 at 2111.84.
Monitoring purposes XAU: Long XAU, 129.56 on 12/29/05.
Longer Term Trend monitoring purposes: Short SPX On 3/21/06 at 1297.23.
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What to expect now:
S&P chart courtesy of www.decisionpoint.com. We were contemplating going long on tonight’s close as the Summation index has modestly turning up with a reading of +6. Normally when the SPX get this close to a gap the gap gets filled. The gap on the June S&P is at 1244.8 and today’s low is 1246.5, just 2 points shy of testing the gap level. There is a good chance the test of the gap may be tested before the market turns up. We will see how that gap is tested. There are a couple of positive divergences on the Oscillator. As the S&P was making a new low on June 13 the Oscillator was making a high low and on the recent bounce the S&P made lower highs and the Oscillator made higher highs. These are the type of things that occur when the market is about to turn up. Also the Summation index is in an area where previous important lows have been made in the past. The FOMC meeting runs into tomorrow and there may be gyration for near term. We will see what tomorrow brings. If a signal does get triggered in the coming days, we will send an intraday announcement. Flat for now.
Bought Ivan (Invanhoe Energy) 4/13/06 at 2.55. Energy stock. Could go to Gap area (November 2003) near 5.40. We Bought ASTM at 1.92 on April 3. Biotech group.
To learn more on "Ord-Volume" visit www.ord-oracle.com.
Nasdaq Composite:
Below is displayed the Nasdaq daily chart, with its McClellan Oscillator and Summation index, www.decisionpont.com. We were looking for the gap at the 2090 range to be tested on lighter volume for a short term buy signal to be triggered. Today the 2090 range was tested and volume was very light and a bullish sign. On the chart of the Nasdaq McClellan Summation index below, notice that the Summation index is in an area where previous important lows have been made the past. Also notice that the Oscillator has produced positive divergence on the current low. The actual low may have came in on June 14 at the 2065 range. On tonight’s close we went long the Nasdaq at 2111.84. We sent out an announcement about one hour before the close announcing that we will be going long the Nasdaq on the close. Covered Short position on Nasdaq for 8.4% gain on 6/12.
"Timer Digest" has ranked Tim Ord as the #1 gold for one year ending 1/13/06.
Gold Market:
Long BGO (4/19/05) at 2.37. This trade is separate from our long-term position in BGO. We bought PMU (5/27/05) at .50 and bring our average price to .81. Long TRE at 2.55 on 11/1/05, sold at 3.39 on 12/3/05 for 33% gain. Long DROOY at 1.27 on 11/9/05, sold at 1.89 on 1/19/06 for 49% gain. Bought AGT at .33 on 2/1/06, sold at .66 for 100% gain. Long TRE at 6.84 on 3/6/06. Bought GRZ at 6.30 on 5/19/06.
The “Cumulative Net Cash Flow: chart displayed below is courtesy of www.decisionpoint.com. “Cumulative Net Cash Flow”, seldom gets to 150 and a very bullish sign. The last time “Cumulative Net Cash Flow” test the 150 range the market staged a Three month rally. We think something similar will happen here and rally into the late September time frame. Notice on the chart that the “Price Momentum Oscillator’ (PMO) has turn up and triggered a bullish signal. The XAU chart appears to be following the SPX and Nasdaq charts. We are expecting the XAU will rally to 155 range later this year, possibly in the September time frame. There is a gap on the XAU near the 155 range and most gaps are tested and once tested, turn into resistance. The current low may bounce to the 155 range and find resistance. We may take some profits on some of our gold issues at the 155 range on the XAU. The larger trend is still up and now starting to see 250 range on the XAU as a longer term target.
We are watching VGZ (gold Issues) for possible buy on any pullback to support. We bought TGB at 1.84 on 3/27 by intraday email report. We bought TRE on 3/6 at 6.84 by intraday email report. We double our positions in BGO on (7/30/04) at 2.34 and we now have an average price at 2.70. Long NXG average of 2.26. We bought PMU (5/27/05) at .50 and bring our average price to .81.
The McClellan Oscillator closed today at +6 and short term bullish.
The “Percent Volume” Indicator closed .46 and neutral.
The "5 day ARMS" closed today at 4.96 and short term neutral.
Conclusion: Long Nasdaq on 6/28 at 2111.84.
Longer Term Trend monitoring purposes: Short SPX On 3/21/06 at 1297.23.
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